There has been an increase in M&A; activity, especially in East and West Africa, as European multinationals search for opportunities to counter slowing growth at home, according to Fradreck Shoko, Head of Global Advisory for Standard Bank.
PE Industry News
The Agriculture Fast Track Fund (AFT), a multi-donor fund contributed by United States Agency for International Development (USAID), Danish International Development Agency (DANIDA), and Swedish International Development Agency (SIDA), has announced an Ongoing Call for Concept Notes for Project Grants.
With over $50bn of collected premiums each year across the continent, and unprecedented year-on-year growth, it is important that African insurers think more strategically at where they invest their portfolios, Papa Madiaw Ndiaye, Founder and CEO of AFIG Funds, has said.
Gulf Capital, an alternative investment firm in the Middle East, has partnered with Serengeti Capital, an Africa-focused investment bank, to expand its private debt business to Sub-Saharan Africa.
Gulf Capital's portfolio company Middle East Glass has acquired 100% of Misr Glass Manufacturing (MGM), a company that specialises in the manufacturing and marketing of container glass for the food and beverage industry in Egypt.
International development finance institutions (DFIs) have deployed nearly $16.8bn in impact capital across the Southern African region through over 650 deals, according to The Landscape for Impact Investing in Southern Africa report.
Africa’s top economies have maintained investor interest with strong momentum in M&A; across the majority of sectors, according to the findings of the Deal Drivers Africa, published by Mergermarket in collaboration with Control Risks, a business risk consultancy.
Sub-Saharan Africa has been top of mind for many institutional investors in the past few years, as indicated by record fundraising totals, according to Molly Brister, Manager, Research, EMPEA.
Appian Capital Advisory is looking to close two to three mining deals in Africa via its Natural Resources Fund this year, according to Michael W. Scherb, Founder and General Partner.
Finland-based Taaleri Private Equity Funds Group will provide further development capital to Cytonn Investments that will be deployed to the Kenyan real estate sector through Cytonn Real Estate, an affiliate whose deal pipeline now stands at KES 56bn.
Endeavor Energy, a power development and generation company backed by global PE firm Denham Capital, has significantly advanced the Songon Power Project in Côte d’Ivoire it is developing with local independent power producer Starenergie 2073.
Despite the low growth environment in South Africa, private equity houses in the country continue to see investment opportunities and deliver lucrative returns for investors, AGF has learned.
Futuregrowth Asset Management, a specialist investment company in South Africa, is planning to invest around R200m ($12.57m) in in sustainable aquaculture projects via its Futuregrowth Development Equity Fund.
The performance of South African private equity continues to highlight the benefits of including this asset class into a diversified institutional portfolio, according to the latest RisCura-SAVCA South African Private Equity Performance Report.